Bitcoin News

LTH supply as percentage of Bitcoin’s total supply dropped from 80% to 73% in 2024. The distribution-induced selling pressure was offset by ETF inflows. After patiently accumulating during bearish conditions, long-term holders (LTH) were distributing their Bitcoin [BTC] holdings at profits in the ongoing bull market. Releasing clenched fists According to AMBCrypto’s analysis of a
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In a recent development, members of the Federal Open Market Committee (FOMC) have called for caution regarding interest rate cuts, emphasizing the persistence of inflation. This stance has led to a decline in U.S. equity markets. However, the Bitcoin (BTC) spot ETF market has shown remarkable resilience, experiencing continued net inflows despite broader economic concerns.
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Argentina and El Salvador, both facing economic struggles, are taking vastly different approaches to cryptocurrency. While El Salvador became the first country to adopt Bitcoin as legal tender in 2021, Argentina’s new president, Javier Milei, is taking a more measured route, prioritizing regulation and differentiation between the crypto and the broader cryptocurrency landscape. Bitcoin Distinction
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Bitcoin (BTC), the flagship cryptocurrency, endured a brutal week, shedding over $4,500 and tumbling below the crucial $67,000 support level. This sudden price reversal triggered a cascade of liquidations across trading platforms, with a staggering $427 million vanishing within a 24-hour period, according to data from CoinGlass. Analysts are scrambling to pinpoint the exact cause
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While many financial experts and crypto investors believe that Bitcoin could potentially surpass gold as a universal store of value, renowned economist and global strategist, Peter Schiff has consistently contrasted BTC’s potential with that of gold, asserting that the cryptocurrency pales in comparison.  Schiff Champions Gold Over Bitcoin In a series of X (formerly Twitter)
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The concerned wallet belonged to Coinbase Prime Custody. The transfer highlighted cost advantages of on-chain transactions over traditional platforms. A large Bitcoin [BTC] transaction caught the attention of the cryptocurrency market, prompting discussions and theories about the nature of the transfer. What happened? A wallet sent 15,519 Bitcoins, worth $1.1 billion, on Saturday, by paying
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